Civic Intelligence

Social Security Credit Union

990 • Fiscal year 2015 • EIN 63-0332689

Jan 01, 2015 to Dec 31, 2015 • Filed on May 10, 2016

Organization Profilewww.ssacu.com

View Organization Page

1200 Rev Abraham Woods Jr BlvdBirmingham, AL 35285

(205) 323-7028

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

9th percentile

0.79x

Higher debt load relative to assets than 9% of similar nonprofits.

2015 filings • 501(c)14 • $25M-$50M nonprofits • Source year 2015

Liabilities / Revenue

28th percentile

17.38x

Higher debt load relative to revenue than 28% of similar nonprofits.

2015 filings • 501(c)14 • $25M-$50M nonprofits • Source year 2015

Net Margin

54th percentile

8.0%

Higher net margin than 54% of similar nonprofits.

2015 filings • 501(c)14 • $25M-$50M nonprofits • Source year 2015

Top Officer Pay

72nd percentile

$117,149

Higher top officer pay than 72% of similar nonprofits.

Top officer pay equals 9.1% of source-year revenue.

2015 filings • 501(c)14 • $25M-$50M nonprofits • Source year 2015

Asset Growth

27th percentile

0.4%

Faster asset growth than 27% of similar nonprofits.

2015 filings • 501(c)14 • $25M-$50M nonprofits • Annualized from 2014 to 2015

Revenue Growth

80th percentile

6.9%

Faster revenue growth than 80% of similar nonprofits.

2015 filings • 501(c)14 • $25M-$50M nonprofits • Annualized from 2014 to 2015

Balance Sheet
Liabilities / Assets9th percentile

Assets

Up

$28,462,420

Up $110,903 (+0.4%) from 2014

Net Assets

Up

$6,027,945

Up $101,848 (+1.7%) from 2014

Liabilities

Up

$22,434,474

Up $9,054 (+0.0%) from 2014

Revenue And Expenses
Liabilities / Revenue28th percentileNet Margin54th percentile

Revenue

Up

$1,290,541

Up $82,942 (+6.9%) from 2014

Expenses

Up

$1,186,984

Up $16,250 (+1.4%) from 2014

Net Income

Up

$103,557

Up $66,692 (+181%) from 2014

Historical Trend

Balance Sheet Trend

Asset Growth27th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$40M$30M$20M$10M$0Assets 2011: $27,015,364Liabilities 2011: $21,321,014Net Assets 2011: $5,694,3502011Assets 2012: $27,806,946Liabilities 2012: $21,996,256Net Assets 2012: $5,810,6902012Assets 2013: $27,653,293Liabilities 2013: $21,765,146Net Assets 2013: $5,888,1472013Assets 2014: $28,351,517Liabilities 2014: $22,425,420Net Assets 2014: $5,926,0972014Assets 2015: $28,462,420Liabilities 2015: $22,434,474Net Assets 2015: $6,027,9452015Assets 2016: $29,255,862Liabilities 2016: $23,127,826Net Assets 2016: $6,128,0362016Assets 2017: $29,375,879Liabilities 2017: $23,117,226Net Assets 2017: $6,258,6532017Assets 2018: $30,821,814Liabilities 2018: $24,353,006Net Assets 2018: $6,468,8082018Assets 2019: $31,042,523Liabilities 2019: $24,445,858Net Assets 2019: $6,596,6652019Assets 2020: $34,692,264Liabilities 2020: $27,921,050Net Assets 2020: $6,771,2142020Assets 2021: $36,284,039Liabilities 2021: $29,379,951Net Assets 2021: $6,904,0882021Assets 2022: $35,140,489Liabilities 2022: $28,274,820Net Assets 2022: $6,865,6692022Assets 2023: $34,400,273Liabilities 2023: $27,002,998Net Assets 2023: $7,397,2752023Assets 2024: $35,036,256Liabilities 2024: $27,225,668Net Assets 2024: $7,810,5882024

Highlighted filing

2015

Assets$28,462,420
Liabilities$22,434,474
Net Assets$6,027,945
Open 2015 Filing

Operations Trend

Revenue Growth80th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$2.0M$1.5M$1.0M$500K$0Expenses 2011: $1,207,9802011Revenue 2012: $1,263,888Expenses 2012: $1,147,548Net Income 2012: $116,3402012Revenue 2013: $1,194,444Expenses 2013: $1,116,987Net Income 2013: $77,4572013Revenue 2014: $1,207,599Expenses 2014: $1,170,734Net Income 2014: $36,8652014Revenue 2015: $1,290,541Expenses 2015: $1,186,984Net Income 2015: $103,5572015Revenue 2016: $1,350,460Expenses 2016: $1,250,370Net Income 2016: $100,0902016Revenue 2017: $1,389,971Expenses 2017: $1,259,432Net Income 2017: $130,5392017Revenue 2018: $1,498,557Expenses 2018: $1,288,422Net Income 2018: $210,1352018Revenue 2019: $1,528,369Expenses 2019: $1,400,512Net Income 2019: $127,8572019Revenue 2020: $1,464,454Expenses 2020: $1,289,906Net Income 2020: $174,5482020Revenue 2021: $1,259,949Expenses 2021: $1,127,075Net Income 2021: $132,8742021Revenue 2022: $1,379,487Expenses 2022: $1,267,586Net Income 2022: $111,9012022Revenue 2023: $1,801,929Expenses 2023: $1,336,892Net Income 2023: $465,0372023Revenue 2024: $1,885,471Expenses 2024: $1,547,630Net Income 2024: $337,8412024

Highlighted filing

2015

Revenue$1,290,541
Expenses$1,186,984
Net Income$103,557
Open 2015 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2015 to Dec 31, 2015
Signed
May 10, 2016
Return Version
2015v2.1
Gross Receipts
$1,290,541
Mission and Program Overview

Mission

Credit union - to provide services for approximately 2,657 members in the form of loans, savings, and other financial services.

Social Security Credit Union exists to provide its members with low cost loans

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$15,028,086$16,703,736▲ $1,675,650
Investments Other Securities$4,542,213$6,718,295▲ $2,176,082
Rtn Earn Endowment Incm Other Fnds$5,926,097$6,027,945▲ $101,848
Savings and Temporary Cash Investments$7,605,688$4,294,488▼ $3,311,200
Cash and Non-Interest-Bearing Accounts$841,479$407,535▼ $433,944
Land, Buildings, and Equipment, Net$84,302$75,793▼ $8,509
Prepaid Expenses and Deferred Charges$12,857$19,578▲ $6,721
Accounts Receivable$5,497$10,158▲ $4,661
Total Assets$28,351,517$28,462,420▲ $110,903
Other Assets Total$231,395$232,837▲ $1,442
Liabilities
Other Liabilities$22,359,626$22,349,578▼ $10,048
Accounts Payable and Accrued Expenses$65,794$84,896▲ $19,102
Total Liabilities$22,425,420$22,434,474▲ $9,054
Net Assets / Fund Balance
Total Net Assets Fund Balance$5,926,097$6,027,945▲ $101,848
Total Liabilities and Net Assets / Fund Balance$28,351,517$28,462,419▲ $110,902

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$11,838$177,464$189,302
Leasehold Improvements$63,950$42,503$106,453
Other Land Buildings$5$66,532$66,537
Other Assets Org$232,837--
Other Securities$147,295--
Compensation and Service Providers
Top Officer Pay72nd percentile

Employees

NameTitleBaseTotal
Caroyn Y SimmonsCEO$117,149$117,149
David AmorosoCOO$75,531$75,531

Board Members and Trustees

NameTitle
Henry WilliamsPresident of Board
Annie Cottrell1st Vice President
Gary Reeves2nd Vice President of
Nilma Rios-feliuSecretary
Fannie PetersonTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$893,401
Investment Income
$111,070
Other Revenue
$286,070
Change in Net Assets
$103,557
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$599,612
Salaries, Compensation, and Employee Benefits$587,372
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
All Other Expenses---$365,053
Other Salaries and Wages---$223,328
Current Officers, Directors, Trustees, and Key Employees---$192,680
Pension Plan Contributions---$72,000
Other Employee Benefits---$66,438
Interest---$63,506
Information Technology---$55,348
Payroll Taxes---$32,926
Office Expenses---$28,804
Other Expenses---$25,725
Depreciation Depletion---$12,531
Insurance---$11,290
Advertising---$10,817
Travel---$10,545
Fees for Services Accounting---$9,168
Conferences and Meetings---$5,099
Fees for Services Legal---$1,726
Total Functional Expenses$0$0$0$1,186,984
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
CU Total Member Deposits$22,349,578
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
Backup withholding compliance
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No
Filing and Contact Details

Filer

Filer Name
Social Security Credit Union
EIN
63-0332689
In Care Of
% Carolyn Simmons
Phone
2053237028
Address
1200 Rev Abraham Woods Jr Blvd, Birmingham, AL 35285

Signing Officer

Name
Carolyn Simmons
Title
CEO
Phone
2053237028
Signed
2016-05-10

Organization Details

Principal Officer
Carolyn Y Simmons
Formed
1947
Legal Domicile
Al
Voting Board Members
0
Independent Board Members
0
Employees
0
Supplemental Narrative

Additional Explanations

Part IX Line 24E

“CU and Service Center Op Total expenses - $135032.00 Program service expenses - $0.00 Mgmt and general expenses - $0.00 Fundraising expenses - $0.00”

Part IX Line 24E

“Bad debit Total expenses - $152286.00 Program service expenses - $0.00 Mgmt and general expenses - $0.00 Fundraising expenses - $0.00”

Part IX Line 24E

“ATM and Debit Card Total expenses - $77055.00 Program service expenses - $0.00 Mgmt and general expenses - $0.00 Fundraising expenses - $0.00”

Part IX Line 24E

“all other expenses Total expenses - $680.00 Program service expenses - $0.00 Mgmt and general expenses - $0.00 Fundraising expenses - $0.00”

Pvi L6,7A,7B

“Governing Body and Management- Social Security Credit Union has members.”

Pvi L6,7A,7B

“Those members in god standing vote for the governing body as vacancies”

Pvi L6,7A,7B

“arise. Certain decisions, such as to change the organizational charter,”

Pvi L6,7A,7B

“are voted on be the members.”

L11a

“The completed form 990 was presented to the Board of Directors for review.”

L12c

“The Credit Union is examined each year by ACUA, our State Credit Union”

L12c

“Examiner, who insures that we do not have conflicts of interest.”

L15a

“The governing body (Board of Directors) evaluates and approves the”

L15a

“compensation of the CEO each year. Industry compensation surveys are also”

L15a

“consulted periodically.”

L15b

“The CEO evaluates and approve the compensation of other employees each year”

L19

“The Credit Union makes a copy of its By-laws, Conflicts of Interest Policy”

L19

“and Financial Statements available to the public upon request.”

Financial Statement Notes

P10, Ln 2

“Credit Union Member Deposits”

Raw XML Appendix360 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
IRS990/AccountantCompileOrReviewInd0false
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt065794
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt084896
IRS990/AccountsReceivableGrp/BOYAmt05497
IRS990/AccountsReceivableGrp/EOYAmt010158
IRS990/ActivitiesConductedPrtshpInd0false
IRS990/ActivityOrMissionDesc0Social Security Credit Union exists to provide its members with low cost loans
IRS990/AdvertisingGrp/TotalAmt010817
IRS990/AllOtherExpensesGrp/TotalAmt0365053
IRS990/AnnualDisclosureCoveredPrsnInd0false
IRS990/BackupWthldComplianceInd0false
IRS990/BooksInCareOfDetail/PersonNm0CAROLYN Y SIMMONS
IRS990/BooksInCareOfDetail/PhoneNum02053237028
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt01200 Rev Abraham Woods Jr Blvd
IRS990/BooksInCareOfDetail/USAddress/CityNm0Birmingham
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0AL
IRS990/BooksInCareOfDetail/USAddress/ZIPCd035285
IRS990/BusinessRlnWithFamMemInd0false
IRS990/BusinessRlnWithOfficerEntInd0false
IRS990/BusinessRlnWithOrgMemInd0false
IRS990/CashNonInterestBearingGrp/BOYAmt0841479
IRS990/CashNonInterestBearingGrp/EOYAmt0407535
IRS990/ChangeToOrgDocumentsInd0false
IRS990/CollectionsOfArtInd0false
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt0192680
IRS990/CompensationFromOtherSrcsInd0false
IRS990/CompensationProcessCEOInd0false
IRS990/CompensationProcessOtherInd0false
IRS990/ConferencesMeetingsGrp/TotalAmt05099
IRS990/ConflictOfInterestPolicyInd0false
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0false
IRS990/CreditCounselingInd0false
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt00
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt0111070
IRS990/CYOtherExpensesAmt0599612
IRS990/CYOtherRevenueAmt0286070
IRS990/CYProgramServiceRevenueAmt0893401
IRS990/CYRevenuesLessExpensesAmt0103557
IRS990/CYSalariesCompEmpBnftPaidAmt0587372
IRS990/CYTotalExpensesAmt01186984
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt01290541
IRS990/DecisionsSubjectToApprovaInd0false
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0false
IRS990/DelegationOfMgmtDutiesInd0false
IRS990/DepreciationDepletionGrp/TotalAmt012531
IRS990/Desc0SSCU exist to provide its members with low cost loan, deposits, & transactional services.
IRS990/DescribedInSection501c3Ind0false
IRS990/DisregardedEntityInd0false
IRS990/DocumentRetentionPolicyInd0false
IRS990/DonorAdvisedFundInd0false
IRS990/ElectionOfBoardMembersInd0false
IRS990/EmployeeCnt00
IRS990/EngagedInExcessBenefitTransInd0false
IRS990/FamilyOrBusinessRlnInd0false
IRS990/FederalGrantAuditRequiredInd0false
IRS990/FeesForServicesAccountingGrp/TotalAmt09168
IRS990/FeesForServicesLegalGrp/TotalAmt01726
IRS990/ForeignActivitiesInd0false
IRS990/ForeignFinancialAccountInd0false
IRS990/ForeignOfficeInd0false
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt049.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt144.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd3X
IRS990/Form990PartVIISectionAGrp/OfficerInd4X
IRS990/Form990PartVIISectionAGrp/OfficerInd5X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/PersonNm0HENRY WILLIAMS
IRS990/Form990PartVIISectionAGrp/PersonNm1ANNIE COTTRELL
IRS990/Form990PartVIISectionAGrp/PersonNm2GARY REEVES
IRS990/Form990PartVIISectionAGrp/PersonNm3FANNIE PETERSON
IRS990/Form990PartVIISectionAGrp/PersonNm4NILMA RIOS-FELIU
IRS990/Form990PartVIISectionAGrp/PersonNm5CAROYN Y SIMMONS
IRS990/Form990PartVIISectionAGrp/PersonNm6DAVID AMOROSO
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt5117149
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt675531
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/TitleTxt0President of Board
IRS990/Form990PartVIISectionAGrp/TitleTxt11st Vice President
IRS990/Form990PartVIISectionAGrp/TitleTxt22nd Vice President of
IRS990/Form990PartVIISectionAGrp/TitleTxt3Treasurer
IRS990/Form990PartVIISectionAGrp/TitleTxt4Secretary
IRS990/Form990PartVIISectionAGrp/TitleTxt5CEO
IRS990/Form990PartVIISectionAGrp/TitleTxt6COO
IRS990/Form990ProvidedToGvrnBodyInd0false
IRS990/Form990TFiledInd0true
IRS990/FormationYr01947
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedInd0false
IRS990/FundraisingActivitiesInd0false
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt00
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt01290541
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
IRS990/IndependentAuditFinclStmtInd0false
IRS990/IndependentVotingMemberCnt00
IRS990/IndivRcvdGreaterThan100KCnt01
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartIXInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InformationTechnologyGrp/TotalAmt055348
IRS990/InitialReturnInd0X
IRS990/InsuranceGrp/TotalAmt011290
IRS990/InterestGrp/TotalAmt063506
IRS990/InvestmentIncomeGrp/ExclusionAmt0111070
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0111070
IRS990/InvestmentInJointVentureInd0false
IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt04542213
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt06718295
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt0286499
IRS990/LandBldgEquipBasisNetGrp/BOYAmt084302
IRS990/LandBldgEquipBasisNetGrp/EOYAmt075793
IRS990/LandBldgEquipCostOrOtherBssAmt0362292
IRS990/LegalDomicileStateCd0AL
IRS990/LoanOutstandingInd0false
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingCashInd0X
IRS990/MinutesOfCommitteesInd0false
IRS990/MinutesOfGoverningBodyInd0false
IRS990/MissionDesc0SSCU exist to provide its members with low cost loans
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesBOYAmt05926097
IRS990/NetAssetsOrFundBalancesEOYAmt06027946
IRS990/NondeductibleContributionsInd0false
IRS990/OfficeExpensesGrp/TotalAmt028804
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501cInd0X
IRS990/OrgDoesNotFollowSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0231395
IRS990/OtherAssetsTotalGrp/EOYAmt0232837
IRS990/OtherEmployeeBenefitsGrp/TotalAmt066438
IRS990/OtherExpensesGrp/Desc0CU Fees, Payroll Service Fee
IRS990/OtherExpensesGrp/TotalAmt025725
IRS990/OtherLiabilitiesGrp/BOYAmt022359626
IRS990/OtherLiabilitiesGrp/EOYAmt022349578
IRS990/OtherRevenueMiscGrp/BusinessCd0522100
IRS990/OtherRevenueMiscGrp/BusinessCd1522100
IRS990/OtherRevenueMiscGrp/BusinessCd2522100
IRS990/OtherRevenueMiscGrp/Desc0accounts,loans,creditc
IRS990/OtherRevenueMiscGrp/Desc1accounts,loans,creditc
IRS990/OtherRevenueMiscGrp/Desc2accounts,loans,creditc
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt0157081
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt1157081
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt2157081
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt0157081
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt1157081
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt2157081
IRS990/OtherRevenueTotalAmt0286070
IRS990/OtherSalariesAndWagesGrp/TotalAmt0223328
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt015028086
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt016703736
IRS990/PartialLiquidationInd0false
IRS990/PayrollTaxesGrp/TotalAmt032926
IRS990/PensionPlanContributionsGrp/TotalAmt072000
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt012857
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt019578
IRS990/PrincipalOfficerNm0CAROLYN Y SIMMONS
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0522100
IRS990/ProgramServiceRevenueGrp/Desc0Loan Interest Income
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0893401
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0893401
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYExcessBenefitTransInd0false
IRS990/ReconcilationRevenueExpnssAmt0103557
IRS990/RegularMonitoringEnfrcInd0false
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0true
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt05926097
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt06027945
IRS990/SavingsAndTempCashInvstGrp/BOYAmt07605688
IRS990/SavingsAndTempCashInvstGrp/EOYAmt04294488
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/AgentTrusteeEtcInd0false
IRS990ScheduleD/DisclosedForCharitablePrpsInd0false
IRS990ScheduleD/DisclosedOrgLegCtrlInd0false
IRS990ScheduleD/EquipmentGrp/BookValueAmt011838
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0177464
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0189302
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd0false
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt063950
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt042503
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0106453
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0232837
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0FFE
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt05
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt066532
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt066537
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt022349578
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0CU Total Member Deposits
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt06571000
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt1147295
IRS990ScheduleD/OtherSecuritiesGrp/Desc0CDS greater than 1 year
IRS990ScheduleD/OtherSecuritiesGrp/Desc1Corporate America
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd0C
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd1C
IRS990ScheduleD/Section170hRqrStsfdInd0false
IRS990ScheduleD/SolicitedAssetsSaleInd0false
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0Credit Union Member Deposits
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0P10, Ln 2
IRS990ScheduleD/TotalBookValueLandBuildingsAmt075793
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0232837
IRS990ScheduleD/TotalBookValueSecuritiesAmt06718295
IRS990ScheduleD/TotalLiabilityAmt022349578
IRS990ScheduleD/WrittenPolicyMonitoringInd0false
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0false
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0CU and Service Center Op Total expenses - $135032.00 Program service expenses - $0.00 Mgmt and general expenses - $0.00 Fundraising expenses - $0.00
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Bad debit Total expenses - $152286.00 Program service expenses - $0.00 Mgmt and general expenses - $0.00 Fundraising expenses - $0.00
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ATM and Debit Card Total expenses - $77055.00 Program service expenses - $0.00 Mgmt and general expenses - $0.00 Fundraising expenses - $0.00
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3all other expenses Total expenses - $680.00 Program service expenses - $0.00 Mgmt and general expenses - $0.00 Fundraising expenses - $0.00
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Governing Body and Management- Social Security Credit Union has members.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Those members in god standing vote for the governing body as vacancies
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6arise. Certain decisions, such as to change the organizational charter,
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7are voted on be the members.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8The completed form 990 was presented to the Board of Directors for review.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt9The Credit Union is examined each year by ACUA, our State Credit Union
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt10Examiner, who insures that we do not have conflicts of interest.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt11The governing body (Board of Directors) evaluates and approves the
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt12compensation of the CEO each year. Industry compensation surveys are also
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt13consulted periodically.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt14The CEO evaluates and approve the compensation of other employees each year
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt15The Credit Union makes a copy of its By-laws, Conflicts of Interest Policy
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt16and Financial Statements available to the public upon request.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Part IX Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Part IX Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Part IX Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Part IX Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4PVI L6,7A,7B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5PVI L6,7A,7B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6PVI L6,7A,7B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7PVI L6,7A,7B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8L11A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc9L12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc10L12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc11L15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc12L15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc13L15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc14L15B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc15L19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc16L19
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0AL
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt028351517
IRS990/TotalAssetsEOYAmt028462420
IRS990/TotalAssetsGrp/BOYAmt028351517
IRS990/TotalAssetsGrp/EOYAmt028462420
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt01186984
IRS990/TotalGrossUBIAmt025984
IRS990/TotalLiabilitiesBOYAmt022425420
IRS990/TotalLiabilitiesEOYAmt022434474
IRS990/TotalLiabilitiesGrp/BOYAmt022425420
IRS990/TotalLiabilitiesGrp/EOYAmt022434474
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt05926097
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt06027945
IRS990/TotalProgramServiceRevenueAmt0893401
IRS990/TotalReportableCompFromOrgAmt0192680
IRS990/TotalRevenueGrp/ExclusionAmt0111070
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt01153487
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01290541
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt025984
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt028351517
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt028462419
IRS990/TravelGrp/TotalAmt010545
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0true
IRS990/USAddress/AddressLine1Txt01200 Rev Abraham Woods Jr Blvd
IRS990/USAddress/CityNm0Birmingham
IRS990/USAddress/StateAbbreviationCd0AL
IRS990/USAddress/ZIPCd035285
IRS990/VotingMembersGoverningBodyCnt00
IRS990/VotingMembersIndependentCnt00
IRS990/WebsiteAddressTxt0www.ssacu.com
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02016-09-27 15:27:22Z
ReturnHeader/BusinessOfficerGrp/PersonNm0CAROLYN SIMMONS
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CEO
ReturnHeader/BusinessOfficerGrp/PhoneNum02053237028
ReturnHeader/BusinessOfficerGrp/SignatureDt02016-05-10
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Social Security Credit Union
ReturnHeader/Filer/BusinessNameControlTxt0SOCI
ReturnHeader/Filer/EIN0630332689
ReturnHeader/Filer/InCareOfNm0% Carolyn Simmons
ReturnHeader/Filer/PhoneNum02053237028
ReturnHeader/Filer/USAddress/AddressLine1Txt01200 Rev Abraham Woods Jr Blvd
ReturnHeader/Filer/USAddress/CityNm0Birmingham
ReturnHeader/Filer/USAddress/StateAbbreviationCd0AL
ReturnHeader/Filer/USAddress/ZIPCd035285
ReturnHeader/ReturnTs02016-05-10T16:26:00-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02015-01-01
ReturnHeader/TaxPeriodEndDt02015-12-31
ReturnHeader/TaxYr02015

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2015 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$28,462,420
Liabilities
$22,434,474
Net assets
$6,027,945
Revenue
$1,290,541
Expenses
$1,186,984
Net income
$103,557
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$35.0$27.2$7.81$1.89$1.55$0.34
2023Summary only. Only limited summary data is available for this year.$34.4$27.0$7.40$1.80$1.34$0.47
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$35.1$28.3$6.87$1.38$1.27$0.11
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$36.3$29.4$6.90$1.26$1.13$0.13
2020Summary only. Only limited summary data is available for this year.$34.7$27.9$6.77$1.46$1.29$0.17
2019Summary only. Only limited summary data is available for this year.$31.0$24.4$6.60$1.53$1.40$0.13
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$30.8$24.4$6.47$1.50$1.29$0.21
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$29.4$23.1$6.26$1.39$1.26$0.13
2016Facts available. Structured filing facts are available, but richer extracted sections are limited.$29.3$23.1$6.13$1.35$1.25$0.10
2015Detailed filing. Detailed filing data is available for this year.$28.5$22.4$6.03$1.29$1.19$0.10
2014Detailed filing. Detailed filing data is available for this year.$28.4$22.4$5.93$1.21$1.17$0.04
2013Summary only. Only limited summary data is available for this year.$27.7$21.8$5.89$1.19$1.12$0.08
2012Summary only. Only limited summary data is available for this year.$27.8$22.0$5.81$1.26$1.15$0.12
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$27.0$21.3$5.69$1.21
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2015 filings • 501(c)14 • $25M-$50M nonprofits